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Mt. Gox sent $700 million in #BTC to an unidentified addressOnly 34,000 bitcoin remain in the bankrupt exchange's wallet to be returned to creditors.🚨
In a new chapter in the saga of Mt. Gox, the once powerful cryptocurrency exchange has been found to have transferred a considerable sum of bitcoin (BTC) to an unknown address.
Mt. Gox has moved around 12,000 BTC, valued at $784 million, to a hardware wallet under its control today, August 21, according to data from Arkham Intelligence
In addition, it made two transfers of 1,265 BTC each, to a hardware wallet of its own and another belonging to the Bitstamp exchange. This comes amid the process of repaying creditors who suffered the consequences of the historic hack suffered by Mt. Gox in 2014.
Last week, a BitGo exchange wallet received approximately $2 billion in bitcoin from Mt. Gox, which was then moved to a separate wallet, Arkham Intelligence reported.